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Do you know anyone in this situation?

PostPosted: Thu Mar 10, 2016 10:16 am
by coindood
In 2011 they saw silver approaching $50/oz and started buying like crazy, only to see it eventually plummet. Anyone you know really ticked off that they only started buying at the peak?

Re: Do you know anyone in this situation?

PostPosted: Thu Mar 10, 2016 10:30 am
by Thogey
I have several 330 dollar rolls of halves and an 800 dollar roll of phils, can't say I'm happy about.

But it's averaged down so far (diluted with cheaper metal) it's not a big deal.

Re: Do you know anyone in this situation?

PostPosted: Thu Mar 10, 2016 11:17 am
by fasteddy
I didn't jump in then but was still buying ASE's, heck I had a roll in the mail when silver crapped...I remember the feeling of disappointment when they arrived...but I'm with Thogey...cheaper white metal has removed the pain from paying $54 each. Hopefully it won't take another 31 years for a run up like that.

Re: Do you know anyone in this situation?

PostPosted: Fri Mar 11, 2016 6:34 am
by Cu Penny Hoarder
The USD buys less and less as time goes by. If you hold on to that Ag a few more years, you will be rewarded.

When people are down in the dumps about an asset, that's when you want to buy it. Human phycology is very strange thing.

Re: Do you know anyone in this situation?

PostPosted: Fri Mar 11, 2016 10:13 am
by coppernickel
I bought right up to the top thinking is was still going.

Looking at it as ,"dollar cost averaging."

Re: Do you know anyone in this situation?

PostPosted: Fri Mar 11, 2016 1:28 pm
by Au I Cu
I started buying at $35 only to watch it fall. Not the end of the world though, I'm in it long term.

Re: Do you know anyone in this situation?

PostPosted: Mon Mar 14, 2016 9:55 am
by goodcents
I was buying US silver eagles and Engelhard prospectors at around 30-35 range for the long term....I always focused on the best premium stuff I could find when price was high (they seemed pretty reasonable at the time). It's was no fun watching it go down but I sure as heck wasn't going to sell for a loss. It's been a great year or so buying silver at what I consider a good value. I think in the next 1-2 years we will be rewarded, however, I buy for long term so as long as it's up in 15-20 years I should be happy.

Re: Do you know anyone in this situation?

PostPosted: Mon Mar 14, 2016 10:06 am
by pitw
I was to busy making sure my land, machinery and such was paid off to bother chasing the golden goose at high prices. Then when my debt free allowance started getting to large I started buying at $21Can and it's remained pretty much the same since 2013. Got a couple 10 oz Englehard au that I bought back in the 70's that was bought when I sold off a herd of cows and I wanted to have just for emergency's but never had to lose them. As an equipment operator I got to listen to many radio show's pumping pms during the run up and often wondered if people really believed that [stuff in a pile behind a bull].

Re: Do you know anyone in this situation?

PostPosted: Mon Mar 14, 2016 11:31 am
by Cu Penny Hoarder
goodcents wrote:I was buying US silver eagles and Engelhard prospectors at around 30-35 range for the long term....I always focused on the best premium stuff I could find when price was high (they seemed pretty reasonable at the time). It's was no fun watching it go down but I sure as heck wasn't going to sell for a loss. It's been a great year or so buying silver at what I consider a good value. I think in the next 1-2 years we will be rewarded, however, I buy for long term so as long as it's up in 15-20 years I should be happy.


Been buying Ag since 1985. I was buying junk bags slightly under spot back then. Fast forward to 2011/$50oz... I didn't sell any of my bullion or junk bags. I did sell a few rolls of 1921 BU Morgan's though.

How's that for long term? :angel:

Re: Do you know anyone in this situation?

PostPosted: Fri Mar 18, 2016 8:57 pm
by silverflake
I did buy a roll of ASE's near the top in 2011 - paid almost $800 for the roll from APMEX. Ouch! BUT, in looking back at my records I also was buying rolls in 2003, the cheapest was $139 for a roll of ASE's from MintProducts.com - now that's dollar cost averaging!

Stack cheaply now!

Re: Do you know anyone in this situation?

PostPosted: Fri Mar 18, 2016 10:35 pm
by JadeDragon
I'm holding silver from $6ish an ounce, when the $5 face value on the Maple was touted as a better deal because it represented a stop loss - better then a $1 face Eagle. I sure wish I'd bought more back then, but I keep adding slowly in all markets.
I've also added to the stack by trading Canadian copper and nickel coins.
I don't think I've ever sold any silver yet (I traded some to make 10 ounce Market Harmony bars once, but never sold any).

Re: Do you know anyone in this situation?

PostPosted: Sat Mar 19, 2016 8:05 am
by twoten01
I bought 105 eagles back near the top for 800+ a roll. But then again I bought 2 monster boxes at $6.95 per coin when I was a teenager so it all balances out.

Re: Do you know anyone in this situation?

PostPosted: Sat Mar 19, 2016 10:34 am
by beauanderos
twoten01 wrote:I bought 105 eagles back near the top for 800+ a roll. But then again I bought 2 monster boxes at $6.95 per coin when I was a teenager so it all balances out.

what kind of teenager has that kind of money??? :shock: :o

well done, tho! :clap:

Re: Do you know anyone in this situation?

PostPosted: Sat Mar 19, 2016 8:01 pm
by Diggin4copper
How much would a 1986 unopened monster box be worth?

Re: Do you know anyone in this situation?

PostPosted: Sun Mar 20, 2016 7:45 pm
by tractorman
I remember a member right here on RC who was very silver gung ho right at the top. Someone else might remember him? He was telling us how he had already maxed his CCs with silver and was trying to convince his girlfriend to do the same. I hope he is doing OK.

Re: Do you know anyone in this situation?

PostPosted: Sun Mar 20, 2016 8:01 pm
by Thogey
tractorman wrote:I remember a member right here on RC who was very silver gung ho right at the top. Someone else might remember him? He was telling us how he had already maxed his CCs with silver and was trying to convince his [now ex] girlfriend to do the same. I hope he is doing OK.

Re: Do you know anyone in this situation?

PostPosted: Sun Mar 20, 2016 8:08 pm
by Thogey
It's funny how the mind works.

I remember buying a $660 roll of BU ASE's when spot was around $35 . I felt like I won on that deal, loved it.

Then sold 200 (pretty marginal morgans) for $35 ea. At the time I didn't really want to sell and had some remorse. I just couldn't refuse $7000 cash, on my dining room table, for those crappy dollars. Lots were 21's too, and the guy who bought them flipped them, already had a flip set up!

Live and learn.

Re: Do you know anyone in this situation?

PostPosted: Mon Mar 21, 2016 10:08 pm
by InfleXion
I grabbed a roll of generics at $37 and a roll of quarters at $45 because I wasn't sure if the price just might keep going. I still have them, and if silver breaks those price points that roll of generics will be the first thing I sell assuming I want to sell any.

Re: Do you know anyone in this situation?

PostPosted: Thu Mar 24, 2016 9:35 am
by twoten01
beauanderos wrote:
twoten01 wrote:I bought 105 eagles back near the top for 800+ a roll. But then again I bought 2 monster boxes at $6.95 per coin when I was a teenager so it all balances out.

what kind of teenager has that kind of money??? :shock: :o

well done, tho! :clap:

Started working at 12, 7 days a week :thumbup:

Thanks!

Re: Do you know anyone in this situation?

PostPosted: Sun Mar 27, 2016 10:53 pm
by Recyclersteve
beauanderos wrote:
twoten01 wrote:I bought 105 eagles back near the top for 800+ a roll. But then again I bought 2 monster boxes at $6.95 per coin when I was a teenager so it all balances out.

what kind of teenager has that kind of money??? :shock: :o

well done, tho! :clap:


+1

Re: Do you know anyone in this situation?

PostPosted: Mon Mar 28, 2016 7:02 am
by neilgin1
coindood wrote:In 2011 they saw silver approaching $50/oz and started buying like crazy, only to see it eventually plummet. Anyone you know really ticked off that they only started buying at the peak?


Bro Dood, may I ask you a question?....when you mail off payment to insurance companies, auto, home, life, month after month after month, do you get "ticked" off?

If buying physical silver is an "investment", yeh, that might cause some consternation, but I look at "stacking" as buying insurance on dubious paper fiat, and in the LONG LOOK, (longer than 5 years).....the 5 year downdraft of $35 a toz...might today seem onerous, but there WILL come a day, when $35 USD fiat, will be worth 3.5 cents....these are cornered gamblers my friend....aint enough latent calories out there to support DEBT outstanding, that's the dirty little secret that isn't talked about.

we are little, they are large, and in that, is their weakness, their greed, shall be their downfall, so I will close this post with my usual metaphorical film clip, in that, we can disguise, via quiet stacking, in our smallness, our unwillingness to be just mere sheep,helpless and hapless...this metaphor is from "Master and Commander", when Capt Jack disguised his smaller warship as a hapless whaling vessel to the much larger French privateer Acheron:



what does that all "mean"? its a metaphor, you decide, be blessed, n.